The Colorado Springs Real Estate Market Report for October 2017
The Bottom line:
October is the month when we see a typical shift from the Summer to Winter season. The days on the market and list price to sold price ratios are still very low though. We are still in a buyer's market with a need for more homes for sale.
Let's take a look at the October 2017 real estate market for Colorado Springs:
October 2017 Colorado Springs Real Estate Statistics
- New Listings: 1,320 (Up +7.8% from last year)
- Sold Listings: 1,431 (Up +11.6% from last year)
- Total Active Listings: 1,935 (Down -13.2% from last year)
- Median Sales Price: $280,000 (Up +8.9% from last year)
- Total Under Contract: 2,279 (Down -15.0% from last year)
- List To Sold Price Ratio: 99.3% (Up +0.2% from last year)
- Days on the Market: 29 Days (Down -23.7% from last year)
The Colorado Spring's Real Estate Market is Slowing Down for Winter!
As the weather cools down, so does our local real estate market in Colorado Springs. This is a predictable time of the year. It's a crucial time to choose a great REALTOR to work with, and there are some really good ones in this city. They'll help you safely navigate this crazy real estate market to find your next home.
If you have any questions about buying or selling a home, please let us know. We're here to help whenever you need us. You can CLICK HERE to meet our REALTOR®.
These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, Florissant, Fountain, Falcon, Gleneagle, Larkspur, Lake George, Manitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas. If you need a local Realtor to help you better understand these number, please contact us. We'd love to hear from you!
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